CDP Group has put in place extraordinary measures through this product to support businesses due to the Covid-19 emergency.
Who it is aimed at
Medium and large Italian companies impacted by the Coronavirus emergency
How it works
We can offer your company medium to long-term loans to help with the Coronavirus epidemiological emergency. This is to support staff costs, rent, refinancing,investments or working capital in production facilities and business activities located in Italy, according to measures specified in the Legislative Decree 8 April 2020.
Loans may also be co-financed by the banking system, with a CDP share greater than 5 million euros and a maximum duration of 6 years (with a grace period of up to 36 months), for an amount no greater than the highest value of the following:
The loans will be backed by the "Garanzia Italia" - a guarantee granted by SACE and counter-guaranteed by the State - until 31 December 2021, with the following coverage percentages:
The economic conditions for the loans depend on the rating class of the beneficiary company, the duration of the loan and the cost of the SACE guarantee.
The Guaranteed Medium to Long-term Liquidity is intended for companies that are not situations of difficulty before 31 December 2019 and that require access to the Italian Guarantee.
For more information on the "Italy Guarantee" see the website https://www.sacesimest.it/coronavirus/garanzia-italia.
Advertising message for promotional purposes. Product offered by CDP